What is the cost of living in Hobart, IN?
According to the most recent data on the cost of living, Hobart has an overall cost of living index of 95, which is 0.9x lower than the national index of 100.
Compared to Indiana, Hobart has a cost of living index that's 1.1x higher than Indiana's index of 90.
The standard of living in Hobart ranks as #93 most affordable out of the 129 places we measured in Indiana. By definition, that implies Hobart ranks as the #36 most expensive place in the Hoosier State.
For more reading on life in Hobart, check out:
Hobart Cost Of Living Vs. Indiana
Six factors go into calculating the cost of living index in Hobart. Here is how it fares on each of the criteria:
The Services index in Hobart is 96.
The Groceries index in Hobart is 100.
The Health index in Hobart is 90.
The Housing index in Hobart is 94.
The Transportation index in Hobart is 95.
The Utilities index in Hobart is 93.
| Living Expense | Hobart | Indiana | National Average |
|---|---|---|---|
| Overall | 95 | 90 | 100 |
| Services | 96 | 97 | 100 |
| Groceries | 100 | 95 | 100 |
| Health | 90 | 72 | 100 |
| Housing | 94 | 98 | 100 |
| Transportation | 95 | 94 | 100 |
| Utilities | 93 | 96 | 100 |
Hobart Cost Of Living Compared To Indiana Averages
Index where 100 = national average. Source: cost-of-living index 2026.
For more reading on cost of living around Indiana, check out:
Protect your home budget Compare home warranties in Hobart Get matched →Source: Cost-of-living index 2026, normalized to US average = 100
Hobart, IN Housing Cost Breakdown
Housing swings affordability the most between places in Indiana, so we broke down housing costs into more detail. Home and income data comes from the most recent US Census ACS 2020-2024. The key points are:
The Median Home Value in Hobart is $238,195.
The Median Rent in Hobart is $1,206.
The Median Income in Hobart is $75,160.
The Home Value To Income in Hobart is 3.2x.
The Rent To Monthly Income in Hobart is 0.19x.
Hobart, IN Costs By Category
Detailed Hobart Services costs vs. Indiana
Detailed Hobart Groceries costs vs. Indiana
Detailed Hobart Health costs vs. Indiana
Detailed Hobart Transportation costs vs. Indiana
Hobart SnackAbility
Cost Of Living In Cities Around Hobart
The cost of living varies in the cities and towns around Hobart. Here's a quick look at the cost of living in the most populous nearby places:
Gary, IN has a cost of living index of 81, 0.9x Hobart.
Portage, IN has a cost of living index of 96, 1.0x Hobart.
Merrillville, IN has a cost of living index of 92, 1.0x Hobart.
| City | Population | Cost Of Living | Vs. Hobart |
|---|---|---|---|
| Gary, IN | 68,113 | 81 | 0.9x |
| Portage, IN | 38,082 | 96 | 1.0x |
| Merrillville, IN | 36,476 | 92 | 1.0x |
| Lansing, IL | 28,284 | 93 | 1.0x |
| Munster, IN | 23,733 | 104 | 1.1x |
| South Holland, IL | 20,911 | 102 | 1.1x |
| Dolton, IL | 20,825 | 94 | 1.0x |
| Dyer, IN | 16,400 | 107 | 1.1x |
| Lake Station, IN | 13,185 | 84 | 0.9x |
| Steger, IL | 9,418 | 90 | 0.9x |
